Copperline Loans in Mount Vernon, Washington is a funding broker, not a lender. It sends funding requests to partners that review them and make their own decisions on approval and terms. A merchant cash advance is not a loan. Read every offer in full before signing.
Copperline Loans Is a Funding Broker, Not a Lender
Copperline Loans does not lend, lease or advance its own money and does not make credit decisions. It takes a business's request by phone or form, discusses which funding types fit, and sends the request to funding partners that consider that kind of request.
Funding Partners Make Every Credit Decision
Only the funding partner decides whether to make an offer and sets its amount, price and terms. A partner may decline or offer something different from what was asked. Copperline Loans cannot change a partner's decision and does not promise that any request will receive an offer.
A Merchant Cash Advance Is Not a Loan
In a merchant cash advance, a provider buys a share of receipts the business will collect later. Amounts are collected or remitted from sales, and the cost is set by a factor rather than an interest rate. Compare the total to be collected with the total cost of a loan for the same need.
Before Signing an Offer
- Read the whole agreement and keep a signed copy.
- Add up every fee and the total dollars paid or collected.
- Check collateral, personal guarantees and prepayment terms.
- Ask the partner about anything unclear before signing.
By Copperline Loans · Updated